206 Acres
206 Acres
ACRES: 206 acres, more or less. To be determined by new survey at time of sale – Seller’s cost.
LOCATION: 1.6 miles east of the Hondo city limits, north side of State Hwy. 90 with frontage on Hwy. 90 and CR 4526 on the east side of said property, Medina County, Texas.
PRICE: $3,181,500.00.
TERMS: Cash to Seller or third party financing. Broker can assist in obtaining third party financing.
WATER: Two irrigation wells, nice reservoir and 311 acre fee of unrestricted water rights will convey with the sale.
MINERALS: Believed to own 100% minerals, royalty and executive rights. Seller would like to retain a ½ non-participating royalty interest – negotiable. Exact conveyance to be determined at time of new title commitment.
IMPROVEMENTS: Majority of property is irrigated farm land with two Edwards irrigation wells – only one being used, second well needs some engine work. There is 311 acre feet, more or less, of unrestricted water to convey with the sale since the Edwards Aquifer has recently lifted the moratorium. Older home and barns are also on the property with little value.
REMARKS: This property has a railroad as the southern boundary, running parallel east and west with Hwy. 90. A railroad spur can probably be acquired to run within property. Excellent property location for commercial business being light industrial or possible residential subdivision.